If the Gini coefficient is 1, this means that __________.
a. the income distribution is completely equal
b. the income distribution is completely unequal
c. that there is no income distribution
b. the income distribution is completely unequal
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The market for medical care relies primarily on:
a. For profit providers. b. Not for profit providers. c. Co-ops. d. Hospitals. e. The substitution effect.
In the United States, imports have exceeded exports in every year since 1960
a. True b. False
Which of the following can be categorized under fiscal policy?
a. Increase in money supply b. Decrease in money supply c. Increase in federal funds rate d. Decrease in reserve requirement e. Increase in tax rates
Answer the following statement(s) true (T) or false (F)
1. The government can influence the economy through its fiscal policy by making changes in the money supply. 2. When the Federal Reserve Bank buys or sells U.S. securities, it changes the level of reserves in the banking system, which has an effect on interest rates. 3. The discount rate is the interest rate banks are charged when they borrow money from the Fed. 4. The Fed relies primarily on changes in the reserve requirement (the minimum amount of money banks must hold in reserve to cover deposits) to ease or tighten the money supply.